by Sabah MCA Wanita chief Dr Pamela Yong, titled"Contractual Obligation of Federal Government to TAR UC remains unfulfilled."
Over the past 50 years of its existence, the TAR UC Board of Governors and its Board of Trustees have raised funds from the Chinese community, with cash in hand of almost RM700 million and other assets worth a few billion ringgit. It also explains in the article why the management of TAR UC is professionally managed, without party political interference in its day-to-day operation and the BOG has independent members as stakeholders from the government, representatives from its two alumni bodies, etc.
These are the fundamental conditions imposed on TAR UC's incorporation by the Companies Commission of Malaysia or SSM under the Ministry of Domestic Trade and Consumer Affairs, the tax exempt status granted to Tarucef by the Ministry of Finance, and the licensing as a private university college issued by the Ministry of Higher Education.For the record, since day one the membership of the BOT is a subset of the entire membership list of Tarucef.
Hence the need for at least the aforesaid 50 percent independent representation in its BOT, for public policy consideration of transparency, check and balance, accountability and good corporate governance, since Tarucef is the trustee and custodian of public money and assets by the billions in ringgit terms. Since 2013, TAR UC has been a private institution of higher learning. And, like any of its private counterparts, it is technically not entitled to any public funding.
In conclusion, my simple solution to MCA Wanita leader Yong is simple: comply with the basic legal requirements of the Tarucef Charter itself and its licensing requirements of not being tied to or connected with any political party.
It's Nonproblematic as there was and is Nonproblems at all however only the Unbecoming castrator was the Causativeness of problems! He is the causality of Sanctimony!